2024 half-year funding: $5.7B across 266 deals
Digital health founders and investors are a resilient and adaptable bunch, and H1 2024 showed fruits of their labor. $5.7B was deployed across 266 digital health startup raises in the first half of the year, meaning 2024 could potentially outperform 2023 if investment pace holds. Emerging startups and AI solutions commanded funders’ attention—with early-stage deals (Seed, Series A, and Series B) accounting for 84% of labeled raises, and 34% of total sector funding going to startups leveraging artificial intelligence. The prevalence of unlabeled fundraises also started to taper, suggesting a return to more standard venture patterns with fewer “exceptional” measures needed. Read our H1 2024 funding recap to digest the past six months of digital health investments, public exits, acquisitions, and more.
Headlines (from the past two weeks)
Walgreens Slashes Profit Guidance With Plans To Cut Stake In VillageMD
Moves intended to improve financial performance and boost profitability Fierce Healthcare
Amazon Consolidates Amazon Clinic Into One Medical Brand
Amazon Clinic services rebranded to Amazon One Medical Pay-per-visit Fierce Healthcare
Amwell To Implement Reverse Stock Split To Avoid Delisting
The 1-for-20 reverse stock split will be effective at market close on July 10 Healthcare Dive
Apple Watch Is Becoming Doctors’ Favorite Medical Device
Some doctors tell patients to use the watch to help manage conditions The Wall Street Journal
Health Inequities Haven't Improved In Last Two Decades, Report Says
Policy change and structural redesign are critical to path forward Axios
FDA Issues New Guidance On Diversity Action Plans For Clinical Studies
Guidance to help enroll participants from historically underrepresented populations FemTech Insider
Recent Funding (from the past two weeks)
- Rock Health port co FoodSmart, a personalized telenutrition startup, adds $200M
- EvolutionaryScale rakes in $142M to further develop AI models for biological modeling
- Longevity startup Function Health nabs $53M for to grow its personalized testing offerings
- K Health, an AI-enabled patient education and primary care telehealth startup, secures $50M
- Virtual obesity care provider Form Health raises $38M
- AI-enabled revenue cycle management and automation platform Adonis collects $31M
- MD Ally locks in $23.7M to integrate telemedicine tools into EMS response capabilities
- Heyday Health picks up $12.5M for its in-home and telemedicine based provider services
- Grayce secures $10.4M for its suite of family care employee benefits
- Patient access and support services company Hummingbird Healthcare grabs $10M
- Dental revenue cycle management and automation software developer Zuub secures $9M
- Synthpop collects $5.6M to grow its AI-powered healthcare automation platform